Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Short Interest Update

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 16,604 shares, a decline of 53.9% from the December 31st total of 35,989 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 108,122 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 108,122 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Income Advantage ETF

Several large investors have recently bought and sold shares of RSPA. Invesco Ltd. boosted its holdings in Invesco S&P 500 Equal Weight Income Advantage ETF by 4.5% during the 2nd quarter. Invesco Ltd. now owns 5,055,292 shares of the company’s stock worth $252,209,000 after acquiring an additional 216,221 shares during the last quarter. UBS Group AG purchased a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF in the third quarter valued at about $4,769,000. SageGuard Financial Group LLC purchased a new position in Invesco S&P 500 Equal Weight Income Advantage ETF during the fourth quarter worth about $3,732,000. Jones Financial Companies Lllp boosted its holdings in Invesco S&P 500 Equal Weight Income Advantage ETF by 71.5% during the third quarter. Jones Financial Companies Lllp now owns 169,808 shares of the company’s stock worth $8,585,000 after purchasing an additional 70,823 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 715.2% during the 1st quarter. Jane Street Group LLC now owns 64,152 shares of the company’s stock worth $3,157,000 after buying an additional 56,283 shares in the last quarter.

Invesco S&P 500 Equal Weight Income Advantage ETF Stock Performance

RSPA stock opened at $51.98 on Thursday. Invesco S&P 500 Equal Weight Income Advantage ETF has a fifty-two week low of $43.04 and a fifty-two week high of $52.70. The company has a market cap of $559.32 million, a P/E ratio of 20.77 and a beta of 0.70. The stock’s 50 day simple moving average is $51.40 and its 200 day simple moving average is $50.85.

Invesco S&P 500 Equal Weight Income Advantage ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were issued a $0.4056 dividend. This is a boost from Invesco S&P 500 Equal Weight Income Advantage ETF’s previous monthly dividend of $0.40. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date was Tuesday, January 20th.

About Invesco S&P 500 Equal Weight Income Advantage ETF

The Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the S&P 500 Equal Weight Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection RSPA was launched on Jul 17, 2024 and is issued by Invesco.